Tacoma (Wash.) Employees' Retirement System approved a commitment of $50 million to American Rivers Fund.
The $2 billion pension fund's board approved the commitment to the private real assets fund managed by Maritime Partners at its Aug. 11 meeting, said Tim Atwill, deputy chief investment officer, in an email.
The commitment is pending contract negotiations, Mr. Atwill said.
As of June 30, the pension fund's actual allocation to real assets was 5.6%.
